Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 3,582 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $8.92, for a total value of $31,951.44. Following the completion of the sale, the director owned 2,815,015 shares of the company’s stock, valued at $25,109,933.80. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Fred Faching Chang also recently made the following trade(s):

• On Wednesday, November 4th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.73, for a total value of $34,852.86.
• On Monday, November 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.92, for a total value of $35,533.44.
• On Friday, October 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.77, for a total value of $34,996.14.
• On Wednesday, October 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.78, for a total value of $35,031.96.
• On Monday, October 26th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.49, for a total value of $33,993.18.
• On Friday, October 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.85, for a total transaction of $35,282.70.
• On Wednesday, October 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $10.64, for a total transaction of $38,112.48.
• On Monday, October 19th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.71, for a total transaction of $38,363.22.
• On Friday, October 16th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.13, for a total transaction of $39,867.66.
• On Wednesday, October 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.64, for a total transaction of $38,112.48.

Newegg Commerce Trading Up 2.0%

Shares of NEGG stock opened at $8.65 on Friday. The firm has a fifty day moving average of $11.81 and a 200-day moving average of $24.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64. Newegg Commerce, Inc. has a 12-month low of $8.26 and a 12-month high of $91.74.

Newegg Commerce (NASDAQ:NEGG) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to analyst estimates of $439.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Newegg Commerce in a research note on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Newegg Commerce has a consensus rating of “Sell”.

About Newegg Commerce

Newegg Commerce, Inc. operates Newegg, an online retailer specializing in computer hardware, consumer electronics and related technology products. Its offerings include computer components, laptops, gaming products, peripherals, networking equipment and other consumer goods. The company also serves third-party sellers through its online marketplace and provides services such as product fulfillment and advertising. Newegg was founded in 2001 and built its reputation among technology enthusiasts and PC builders.